US early-stage investor Arthur Ventures raises $45m fund

The vehicle follows Fargo, North Dakota-based Arthur Ventures’ 2008 fund and brings total assets under management to more than $65m.

Limited Partners in the fund were described as a “targeted group of successful individuals” with backgrounds in a wide variety of industries.

Investments for AVII will focus on software companies that market their solutions to the enterprise information technology, healthcare, agriculture, and energy markets. Similar to its first fund, deal sourcing will be concentrated in the Upper Midwest region.

“We believe in the power of entrepreneurship and innovation to transform existing markets and to create new markets,” said Doug Burgum, co-founder and chairman of Arthur Ventures. “Software is the greatest invention yet that extends human capabilities, and we are grateful to help build enduring companies whose solutions can have such a positive impact on the human condition.”

The firm also confirmed a recent investment from AVII in e-commerce and marketing company Infusionsoft alongside Goldman Sachs. Other AVII investments include Infusionsoft. AVI investments include Altravax, Intelligent InSites, LiquidCool Solutions, Loyalty Builders, Preventice and Workface.

“Arthur Ventures has been a mission-driven firm since the beginning, and we believe the values we have built upon will continue to attract both visionary entrepreneurs and investors,” said James Burgum, co-founder and managing partner at Arthur Ventures. “We are both excited and humbled that such an accomplished group of successful business leaders believe in our mission and have invested their trust in our team. And we look forward to partnering with leading entrepreneurs who are passionate about changing the world and who also align with the values of Arthur Ventures.”